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February 2018 Cedar Falls Market Report
Dated: March 1 2018
Views: 1548
Cedar Falls Real Estate Market Report
February 2018 market stats:
•Closed sales: 18
•New accepted offers/pending sales: 56
•Median sales price: $213,250
•Highest sale price: $334,204
•Lowest sale price: $86,300
Current market environment (March):
•113 homes for sale
•Highest priced listing: $874,900
•Lowest priced listing: $79,999
•Total pending Sales (properties under contract): 85
•The most listings per price range is in the $150,000- $200,000 range (18)
Market analysis summary
All homes above $350k reflect a buyer’s market. A buyer’s market indicates slower sales, resulting in overall lower sale prices due to decreased demand. $200-250k and $300-350k reflect a balanced market, and all other price ranges indicate a seller’s market. A seller’s market indicates homes are moving quickly on the market, allowing competition to drive up average sale prices. The strongest price range in terms of number of sales in Cedar Falls is again the $150-$200k range (5 closed February sales).
Jessica Schoof
Realtor, Structure Real Estate
319-939-7784 | structure.jessica@gmail.com
Jessica Schoof
I offer streamlined real estate expertise to meet the buying and selling needs of my clients in Cedar Falls, Waterloo and surrounding areas. I take pride in exceeding my clients' expectations and deve....
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